This research article is to elaborate and synthesize the factors affecting the freight rates of coal business between Indonesia, the second-largest exporter of coal globally, and India, the second-largest importer of coal in the world. Fluctuating freights rates are the major issue for ship-owner and charterers. Freight rates depend on various factors like bunker price, port charges, seasonality, etc. It is complicated to get the most crucial factor that will affect the freight rate as per the ship-owner and charterer's point of view. So, the purpose of this research article is to find out these factors which are affecting freight rates of coal between India and Indonesia for Supra-max vessels. Exploratory research design is deployed, and the Principal Component Analysis method is applied. With the help of the technique, five factors were found to be critical. The implication of this research article will help to maximize the profit of ship-owners and charterers as per some modifications on their chartering strategies.
Identification of Factors Affecting Coal Freight Market
stud. in Infrastructure & Control
2021-12-14
14 pages
Article/Chapter (Book)
Electronic Resource
English
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